Finance Committee Report

1. Our financial performance from operations started the year better than budget
   a. Pledge income of $117k was $9k above budget
   b. Rental income of $8.5k was $5.5 above budget
   c. Total operating revenue of nearly $137k was $14k ahead of budget
   d. Operating Expenses of $66k were $7k better than budget
   e. Net gain from operations of $70k was $20k better than budget
   i. We shouldn’t read anything into this – it’s one month, timing of pledge payments and expenses always vary vs. budgeted amounts
2. “Other income” of $21k was $29k better than the budgeted loss of $8k
   a. Our overall finances show a gain of $91k vs a budgeted gain of $42k, a positive difference of $49k
3. NOTE: All numbers exclude Capital Campaign revenue and expense, which is separately reported

Fiscal Year Actual vs. Budget
July 1, 2026 to July 31, 2026 26/27 Actual 26/27 Budget
Total Operating Revenue 136,718 123,153
Total Operational Expenses 66,389 73,030
Operational Surplus (Deficit) 70,329 50,123
Other Income/Expense* (Net) 20,789 (8,333)

• Investment Income & fees, unrealized gains/losses, depreciation, bequests
  Revenue Breakdown
  Through July 31, 2026 26/27 Actual 26/27 Budget
  Pledges 117,110 107,830
  Rentals 8,580 2,865
  Net Assets Used for Operations 9,188 8,792